CBRE Group (NYSE:CBRE) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of CBRE Group (NYSE:CBRE) from a hold rating to a buy rating in a research report released on Tuesday morning.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $96.00 to $100.00 and gave the company a market perform rating in a research note on Friday, February 16th. Evercore ISI boosted their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an in-line rating in a report on Tuesday, April 2nd. TheStreet upgraded shares of CBRE Group from a c+ rating to a b- rating in a report on Thursday, January 25th. Raymond James boosted their target price on shares of CBRE Group from $95.00 to $103.00 and gave the stock a strong-buy rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a hold rating and a $107.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $99.50.

CBRE Group Trading Up 0.3 %

Shares of CBRE stock opened at $87.01 on Tuesday. CBRE Group has a 1 year low of $64.63 and a 1 year high of $98.65. The firm has a fifty day moving average price of $92.25 and a 200-day moving average price of $85.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $26.71 billion, a price-to-earnings ratio of 27.45 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that CBRE Group will post 4.44 earnings per share for the current year.

Insider Activity at CBRE Group

In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the transaction, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now owns 207,856 shares in the company, valued at $19,164,323.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,592 shares of company stock worth $3,675,752. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Several hedge funds have recently modified their holdings of CBRE. HB Wealth Management LLC lifted its position in shares of CBRE Group by 3.7% in the 3rd quarter. HB Wealth Management LLC now owns 5,314 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 192 shares during the period. SG Americas Securities LLC lifted its position in CBRE Group by 78.8% during the third quarter. SG Americas Securities LLC now owns 15,724 shares of the financial services provider’s stock valued at $1,161,000 after acquiring an additional 6,928 shares during the last quarter. Avior Wealth Management LLC lifted its position in CBRE Group by 17.9% during the third quarter. Avior Wealth Management LLC now owns 9,900 shares of the financial services provider’s stock valued at $731,000 after acquiring an additional 1,500 shares during the last quarter. Caprock Group LLC lifted its position in CBRE Group by 27.6% during the third quarter. Caprock Group LLC now owns 8,249 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 1,782 shares during the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new stake in CBRE Group during the third quarter valued at approximately $2,931,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.